Zacks: Analysts Expect Navistar International Corp (NYSE:NAV) Will Announce Quarterly Sales of $2.81 Billion

Equities research analysts predict that Navistar International Corp (NYSE:NAV) will post sales of $2.81 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Navistar International’s earnings, with estimates ranging from $2.65 billion to $3.08 billion. Navistar International posted sales of $3.32 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, December 17th.

On average, analysts expect that Navistar International will report full year sales of $11.25 billion for the current year, with estimates ranging from $11.13 billion to $11.41 billion. For the next year, analysts anticipate that the business will post sales of $10.34 billion, with estimates ranging from $9.82 billion to $10.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.35. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company earned $1.71 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis.

Several research firms recently commented on NAV. Raymond James began coverage on Navistar International in a research report on Wednesday, November 27th. They set a “market perform” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $33.00 price target on shares of Navistar International in a research report on Monday, November 18th. Goldman Sachs Group upgraded shares of Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a report on Friday, September 6th. UBS Group reduced their target price on shares of Navistar International from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Wells Fargo & Co decreased their target price on shares of Navistar International from $35.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Navistar International has an average rating of “Hold” and a consensus price target of $33.23.

Several large investors have recently modified their holdings of NAV. Creative Planning increased its stake in shares of Navistar International by 5.0% in the 2nd quarter. Creative Planning now owns 8,200 shares of the company’s stock worth $282,000 after acquiring an additional 390 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Navistar International in the second quarter worth about $34,000. US Bancorp DE increased its stake in shares of Navistar International by 101.4% during the second quarter. US Bancorp DE now owns 1,986 shares of the company’s stock valued at $68,000 after purchasing an additional 1,000 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Navistar International by 1.4% during the third quarter. California State Teachers Retirement System now owns 77,394 shares of the company’s stock valued at $2,176,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Zeke Capital Advisors LLC increased its stake in shares of Navistar International by 1.8% during the second quarter. Zeke Capital Advisors LLC now owns 59,796 shares of the company’s stock valued at $2,060,000 after purchasing an additional 1,050 shares in the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NAV traded down $0.24 during mid-day trading on Monday, reaching $31.39. 25,993 shares of the stock traded hands, compared to its average volume of 448,936. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.66 and a beta of 2.24. Navistar International has a 1 year low of $21.32 and a 1 year high of $39.52. The firm has a fifty day moving average price of $31.99 and a 200 day moving average price of $30.19.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.

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Earnings History and Estimates for Navistar International (NYSE:NAV)

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